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Will Sub-Saharan Africa Come out of the Woods in 2017?
1. FocusEconomics Consensus Forecast Sub-Saharan Africa, May 2017 edition
0 1 2 3
6
1.6
2.8
1.3
2.9
2017
2018
2017 & 2018 GDP Growth Forecasts
South Africa
KenyaNigeria
Mozambique
Angola
Angola
Kenya
Mozambique
Nigeria
South Africa
Economy to accelerate as new
gas production comes on stream
Weakness in activity persists
due to volatile oil prices
Economic activity starts to
revive after last year’s slump
GDP, annual variation in %
5.4
2.8
5.5
4.2
5.7
1.8
1.1
WILL SUB-SAHARAN AFRICA
COME OUT OF THE WOODS IN 2017?
Cabinet reshuffle prompts credit rating
downgrade to junk
External sector offsets
poor domestic activity